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3 years ago

Describe the differences between a wage, a salary, and a commission.

Business

2 answers:

atroni [7]3 years ago

7 0

Answer:

Sample Answer:

A wage is a fixed, hourly rate of pay. A salary is a fixed, annual rate of pay, not dependant on hour worked. A commission is a rate of pay based on sales.

Explanation:

Oksana_A [137]3 years ago

4 0

A wage is paid periodically upon finished work or upon a finished number of work hours. A salary is paid usually monthly regardless of how much you worked, it's like a fixed income. A commission is a type of work where you get all the money at once, once you're done with the work. This is how artists earn from paintings or composing songs or things like that.

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Sally and Samantha have decided to form a partnership. They have agreed that Sally is to invest $195,000 and that Samantha is to

lapo4ka [179]

Answer/Explanation:

a. Equal division.

$235,000 / 2 = $117,500.

b. In the ratio of original investments.

For Samantha = 65,000 / (65000+195000) * 100 = 25%;

25% of $235,000= $58,750.

For Sally = 195,000 / (65000+195000) * 100 = 75%;

75% of $235,000= $176,250

c. In the ratio of time devoted to the business.

For Sally = 1 x $235,000 = $235,000

For Samantha= 1/2 x $235,000.

d. Interest of 5% on original investments and the remainder equally.

Interest

For Sally= 5% of $195,000 = $9,750

For Samantha= 5% of $65,000 = $3,250.

The remainder= 235,000 - 3,250 + 9750 = $222,000/2= $111,000 equally.

e. Interest of 5% on original investments, salary allowances of $50,000 to Sally and $85,000 to Samantha, and the remainder equally

Interest

For Sally= 5% of $195,000 = $9,750

For Samantha= 5% of $65,000 = $3,250.

The remainder= 235,000 - (9750+50000+3250+85000)= $87,000

(g), except that Samantha is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances

Total salary allowances= $85,000+$65,000=$150,000;

Net income exceeds value by $235,000-$150,000= $85,000

Therefore, 20% of 85,000 = $8,500 as bonus.

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3 years ago

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lora16 [44]

LAST ONNNEEEEEEEEEEEE

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4 years ago

To help with hiring decisions during peak seasons and holidays, Touching Cards uses time-series forecasts, like sales from last

Marysya12 [62]

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"A(n) ________ policy is likely to be used where a company notes the inadequacy of local managerial skills and determines a high

lisov135 [29]

Answer:

Ethnocentric

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Dvd players would most likely be in the __________ stage of the product life cycle. introduction

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Answer:

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